Original article by Natassia Chrysanthos, Mike Foley
The Sydney Morning Herald – Page: Online : 12-Feb-25

The federal government has indicated that it will provide support to any potential buyers of the failed Rex Airlines to ensure that the carrier’s regional services continue. The government has emphasised that it is not participating in the sale process, but would be open to acquiring Rex if no private-sector buyer emerges. The government became Rex’s biggest creditor in January after agreeing to buy the $50m debt of the airline’s key investor. The government also provided Rex with an $80m loan facility to enable it to continue servicing regional routes until mid-2025. Rex has total debt of about $500m.

CORPORATES
REX AIRLINES PTY LTD, REGIONAL EXPRESS HOLDINGS LIMITED – ASX REX